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20120925
20121003
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.u. mark, thanks very much. spain is among europe's largest economies, but the government has borrowed so much money that it's been forced into huge spending cuts and layoffs to try to repay what it owes. one of the people working to rescue europe is christine lagarde. she's the head of the international monetary fund and one of the most powerful people in the world in finance. the i.m.f. is essentially a massive bank that helps countries manage debt and international trade. at her headquarters in washington, we asked lagarde about the spaniards like the ones you just met. >> i feel very bad and very sorry for the people, because i know how hard it is and i know how difficult it is for people who lose their job, for families who find it difficult to make ends meet. but equally i know that it's necessary. and it's a process through which countries have to go in order to restore their situation and be able to grow again and create jobs again. >> pelley: how long do you imagine the troubles in europe will go on? >> it has been going on for a long time. a lot has been done. you know, the euro
authorities sent rebels fighting bashar al-assad's government text messages reading game over. host: ryan in ports mouth, virginia. democrat, ryan, good morning to you whoosm do you think about media coverage so far? caller: it's good, but they got my name wrong. it's bryant. host: thanks, bryant. got to turn down the volume, bryant. just talk on the phone. there you go. caller: there you go. host: go ahead, brian. caller: i'm listening to c-span and everything, but i have to say that being a navy veteran and in the active reserves, i can tell you that mitt romney -- as a republican or a democrat, you want the truth. a millionaire, billionaire, whatever his money he made in the past, his fathers are blaming that he quotes a lot about coming from a poor nation , just doesn't buy it. the 47%, talking about it in meetings, billionaire friends, that's find to understand it. if you want to hold on, but what he said about the 47% is really bad. and my friends in the reserves, active duty, we're going to vote for president obama, ok? he has done great. now, you have to remember, he's only been i
this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spend will take hold. tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so lar
solutions, and people lost confidence that the government knew what it was doing. they let one fail, they'd bail out another one, they'd let another one fail, back and forth. what's the policy? and so i think the crisis was terribly mishandled by secretary paulson is and the others involved in it. cheryl: i will say oneover the things, william, that he did do and, frankly, i've been on the air saying i thought it was the right move, letting lehman go, almost making that example of lehman brothers, putting the banks on notice, we're not going to be downtown at the new york fed negotiating last minute deals on sunday nights to save your behinds, basically. that was a pretty bold move by paulson. you wouldn't have done that same move that he made five years ago in. >> no, i think that when you're, when you have a crisis, the first obligation the government has is to calm the crisis, do whatever it takes to calm the crisis. and that's what we did in the 1980s. i would tell you, cheryl, the 1980s was far more threatening to the financial system and the economy than this episode in 2008. we act
Search Results 0 to 3 of about 4